ADVFN - Advanced Financial Network.
HOME» NYSE » C » CSC Stock Price » CSC Stock News

Computer Sciences Share News

 Computer Sciences Corp. Stock Price
CSC Stock Price
 Computer Sciences Corp. Stock Chart
CSC Stock Chart
 Computer Sciences Corp. Stock News
CSC Stock News
 Computer Sciences Corp. Company Information
CSC Company Information
 Computer Sciences Corp. Stock Trades
CSC Stock Trades

CSC 2Q Net Off 15% As Revenue, Margins Weaken; View Mixed

DOW JONES NEWSWIRES CSC's (CSC) second-quarter earnings fell 15% as the information-technology company reported weaker revenue and margins along with sharply higher taxes. It raised its profit target for the year by 5 cents to $5.35 to $5.45 a share but lowered its revenue view to $16.5 billion to $17 billion from $16.8 billion to $17.2 billion. The information-technology services company, which provides services from consumer-credit information to online-data security, has benefited from increased IT outsourcing. For the quarter ended Oct. 1, CSC reported a profit of $184 million, or $1.18 a share, down from $216 million, or $1.40 a share, a year earlier. Revenue decreased 1.6% to $3.98 billion. Analysts polled by Thomson Reuters most recently forecast earnings of $1.17 on revenue of $4 billion. Gross margin fell to 20% from 20.4%. CSC's managed-services segment, which is its largest by revenue and which mainly covers government contracts, saw revenue edge up 0.1%. Its North American public-sector business reported revenue declined 4.5%. Shares closed Tuesday at $48.79 and were down 1.4% premarket to $48.10. -By Tess Stynes, Dow Jones Newswires; 212-416-2481; Tess.Stynes@dowjones.com;

Stock News for Computer Sciences (CSC)
DateTimeHeadline
05/05/201607:17:47Current Report Filing (8-k)
05/05/201602:14:00CSC Completes Xchanging Acquisition
05/04/201616:51:55Statement of Changes in Beneficial Ownership (4)
05/04/201616:51:27Statement of Changes in Beneficial Ownership (4)
05/04/201616:51:27Statement of Changes in Beneficial Ownership (4)
04/28/201608:08:00Corporate Social Responsibility Related News Releases and Story...
04/27/201611:00:00CSC Achieves Best Ever Ranking in CR Magazine’s 2016 Best Corporate C...
04/22/201617:37:48Statement of Changes in Beneficial Ownership (4)
04/22/201617:37:48Statement of Changes in Beneficial Ownership (4)
04/19/201600:01:00CSC Signs Three-year Contract with Transport for NSW
04/07/201616:47:12Current Report Filing (8-k)
04/06/201618:25:25Statement of Changes in Beneficial Ownership (4)
04/06/201618:24:58Statement of Changes in Beneficial Ownership (4)
04/06/201618:24:58Statement of Changes in Beneficial Ownership (4)
03/30/201616:00:00CSC Launches First-Of-Its-Type, Full-Service Chronic Care Management...
03/30/201614:00:00CSC Announces Distinguished Architects and Engineers
03/30/201610:00:00Global Drug Maker Eisai Signs Three-Year Contract Extension For...
03/24/201618:31:50Statement of Changes in Beneficial Ownership (4)
03/24/201618:31:50Statement of Changes in Beneficial Ownership (4)
03/22/201616:47:13Current Report Filing (8-k)

Computer Sciences and other New York Stock Exchange stock quotes are delayed by at least 20 minutes.
All other stock price data is delayed by at least 15 minutes unless otherwise stated.
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Contact Us | Copyright 1999-2015 ADVFN PLC. | Privacy Policy | Investment Warning | Data accreditations | Investor Relations

ADVFNADVFN ItalyADVFN GermanyADVFN FranceADVFN BrazilADVFN JapanADVFN UKADVFN US noad